Police Arrest Hedge Fund Founder’s Son

The son of Thomas Gilbert, the founder of a hedge fund, was arrested Monday and has been charged with murdering his father. Gilbert’s body was found fatally shot in his apartment in New York City this past weekend, said police.

Thomas Gilbert, who was 70 and founded Wainscott Capital Partners, was found dead from a single shot to the head on Sunday afternoon in his bedroom inside his apartment located in Manhattan.

Police detained and questioned his son after which, they arrested him and charged him with criminal possession of a weapon and homicide.

Gilbert’s son was identified as Thomas Gilbert Jr., age 30.

Gilbert’s son on Sunday had visited his parents and asked his mother if she could leave for just a few minutes while he spoke privately to his father, said police on Monday during a news conference.

When his mother returned, she located her husband who had been shot once in the head and the gun was resting on top of his chest covered by his hand.

Detectives who were called to the Manhattan apartment determined that the crime scene had been staged.

The gun’s location made it seem as if it was not a self-inflicted gunshot.

Police later detained Gilbert Jr., inside his apartment in another section of Manhattan, said police.

Police said the handgun recovered at the shooting scene was .40 caliber. Ammunition matching that gun as well as the box from the manufacturer for Glock handguns was located at the apartment of the son.

The elder Gilbert graduated from both Princeton and Harvard Business School and was the chief investment officer at Wainscott, which he founded in 2011.

Gilbert was also the co-founder of Syzygy Therapeutics, which was a private equity acquisition fund for biotech assets that he left when he formed Wainscott.

The Wainscott fund returned 10.48% during the first 11 months of last year, which lagged behind the roughly 12% of the S&P 500 and returned 43.92% in 2013.

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